Committed to continuing to provide added value

Estefanía Cuevas | Head of Administration and Finances

“Once again we have met all our management targets, complied with budget forecasts, and optimised our use of resources to benefit of environmental sustainability and the development of the circular economy.”

Once again last year, at Ecotic we worked to undertake an efficient management of our resources and optimise costs, which are basic prerequisites for the Foundation. We succeeded in complying with the planned budget, and the end of the year was positive, with a result of 10,960 Euros.

Chart by Visualizer

The largest item in the costs related to Ecotic’s activities and those of the foundation is WEEE Management, which as shown in the graph
below, accounts for 87.3% of total costs, followed by Communication and Structure at similar levels (5.8%) and subsequently Other Management Costs (1.1%). This distribution has remained at almost identical percentages for several years.

 

WEEE Management, which includes the costs of transport and collection, treatment, classification and storage at the management points, increased by 10.6% compared to 2020, given the significant increase in kilograms collected. An overall growth of 7% was recorded, mainly as a result of the 6% increase in waste from the household channel, and 16.3% in the case of the professional channel.
In the 2021 financial year, 23% of all the WEEE management operating costs were channelled through social enterprises, as a result of our commitment to equal opportunities and the development of the social economy.

 

In the Communication field, more resources were allocated to our own projects aimed at installers of air conditioning and refrigeration
equipment, in order to increase collections of air conditioners, and the amount dedicated to this area was therefore 8.7% higher than in the 2020 financial year.

 

The amount allocated to Structure increased by 9.7% compared to 2020, but it fell short of the forecast made in the 2021 budget.
This is a consequence of the situation that we are experiencing in the wake of Covid-19, which has led to a reduction in travel and the implementation of teleworking.

 

Other Management Costs increased by 64.6%, as a result of higher incomes due to the increase in the number of member producers
(9.54%), the increase in the quantities placed on the market by member companies, and a new entry for commercial activities focusing on producers without a registered office in Spain.

BALANCE SHEET

31 December 2021

ASSETS

NON-CURRENT ASSETS1.502.959
Intangible fixed assets149.126
Tangible fixed assets155.198
Long-term investments1.083.210
Long-term investments in group and associated companies111.360
Deferred tax assets4.065
CURRENT ASSETS17.982.672
Trade and other accounts receivable9.325.784
Short-term investments in group and associated companies642
Cash and other equivalent liquid assets8.656.246
TOTAL ASSETS19.485.631

LIABILITIES

NET WORTH461.594
Founding endowment30.000
Surplus from previous financial years420.634
Surplus for the financial year10.960
CURRENT LIABILITIES19.024.037
Short-term debts2.793
Trade and other accounts payable18.871.899
Other debts149.345
TOTAL NET WORTH AND LIABILITIES19.485.631

PROFIT AND LOSS ACCOUNT

31 December 2021

INSTITUTION’S INCOME FROM ITS OWN ACTIVITIES32.240.866
Supplies-30.623.254
Other operating income11.189
Personnel costs-919.978
Other operating expenses-826.407
Fixed asset depreciation-175.540
Overprovisions352.233
Impairment and result of the sale of fixed assets-1.182
Other results-34.560
OPERATING RESULT23.367
Financial income55
Financial and other expenses-9.802
FINANCIAL RESULT-9.747
PROFIT / (LOSS) BEFORE TAX13.620
Corporate tax-2.660
SURPLUS FOR THE FINANCIAL YEAR10.960